2008-2009 Bond Audit
The District contracted with Vavrinek, Trin, Day Company to perform the annual audit of the bond funds as well as to verify that the use of the funds is within the scope of the published election materials specifying the intedend use of bond proceeds for the year ending June 30, 2009. The Citizens Bond Oversight Committee reviewed in detail a draft of the audit report. The Board of Trustees acepted the 2008-2009 Measure B General Obligation bond Fund Independent Audit and Agreed-Upon Procedures Report on December 8, 2009. CLICK FOR AUDIT REPORT pdf
INTERIM REPORT October 2009
Citizens Oversight Committee (COC) Co-Chair Mark Burns presented the COC’s first annual report to the District’s Board of Trustees at their November 17 Board meeting. The report covers fiscal year 2008-2009. Mr. Burns reported that the COC has held eight well-attended, active meetings to date and that the COC was very pleased with the execution of the Bond Program. Mr. Burns also reported that the COC recently reviewed the draft audit report of the Bond Program and that the COC will issue a second report covering 2008-2009 in February 2010 after the final audit report is available.
CLICK to download COC Interim Report
Meetings of the COC
NEXT MEETINGS of the COC will be held on
Monday, March 29, and Monday, April 19, 2010
at the District Office.
| AGENDA pdf | PRESENTATION pps | MINUTES pdf |
| February 24, 2010 at District Office | Update | |
| January 11, 2010 at District Office | Update | Minutes |
| November 2, 2009 at District Office | Minutes | |
| October 19, 2009 at District Office | Minutes | |
| September 14, 2009 at District Office | Overview | Minutes |
| August 3, 2009 at District Office | Overview | Minutes |
| June 1, 2009 at District Office | Overview | Minutes |
| March 16, 2009 at District Office | Overview | Minutes |
| December 15, 2008 at District Office | Overview | Minutes |
| October 27, 2008 at District Office | Overview | Minutes |
District Office, 589 W. Fremont Avenue, Sunnyvale, CA 94087
Measure B Citizen’s Oversight Committee Overview
On June 3, 2008, the voters of the Fremont Union High School District approved Measure B authorizing the District to sell $198,000,000 of school bonds (“Bonds”) to pay for improvements to the District’s facilities.
A requirement of Measure B is to establish an independent Citizen’s Oversight Committee (COC) to ensure that Bond funds are spent only for the purposes that the voters approved. The COC’s role is to review the annual independent audit of Bond expenditures and to take other actions reasonable to its purpose of ensuring that Bond funds are spent legally and the public is regularly informed. The District’s Board of Trustees has also chartered the COC to facilitate communication and understanding between the Board and the residents of the District, as a complement to the Board’s regular public meetings and citizen outreach efforts.
Although the COC may act as a communications channel to inform the District and the Board of community inputs or concerns, the COC is not a bond program advisory body and has no authority to make policy, make decisions or set priorities in the spending of bond funds or District operations.
The COC is expected to meet two to four times per year to fulfill its oversight function but may meet more or less often as it deems appropriate. The COC is required to publish an annual report of its findings. The initial term of committee service is two years. COC members receive no compensation for their participation.
The Board of Trustees received a packet of COC member applicants at its September 8, 2008 meeting. The Board will seat the COC no later than its September 23, 2008, Board meeting.
